Algonquin Power and Utilities Corp (AQN)

Algonquin Power & Utilities Corp. Announces Pricing of $650 Million of Senior Unsecured Notes due 2031 and $500 Million of Senior Unsecured Notes due 2036May 12, 2026 6:31 PM
Business Wire Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN”) today announced that Liberty Utilities Co. (“Liberty Utilities”), AQN’s U.S. regulated distribution utility holding company, priced an offering of $650 million aggregate principal amount of 5.100% senior notes due May 15, 2031 (the “2031 Notes”) and $500 million aggregate principal amount of 5.650% senior notes due May 15, 2036 (the “2036 Notes” and, together with the 2031 Notes, the “Notes”). Liberty Utilities intends to use the net proceeds from the sale of the Notes to (i) repay its intercompany loan from AQN, which is expected to have a balance of approximately $690 million (including accrued interest) on the expected repayment date of June 15, 2026, and (ii) make a loan to Liberty Utilities (America) Co. (“LUA”), with LUA using such funds to repay existing amounts owing to AQN. AQN intends to use the funds, together with cash on hand, to refinance all $1.15 billion of the aggregate principal amount of AQN’s outstanding 5.365% notes due 2026 and to pay related fees and expenses. Liberty Utilities may invest funds which it does not immediately require in short-term investment instruments. The Notes are unsecured and unsubordinated obligations of Liberty Utilities and will rank equally with all of Liberty Utilities’ existing and future unsecured and unsubordinated indebtedness and senior in right of payment to any existing and future Liberty Utilities subordinated indebtedness. AQN is not a guarantor or obligor of the Notes. The 2031 Notes were priced at an issue price of 99.991% of their face value and will mature on May 15, 2031. The 2036 Notes were priced at an issue price of 99.676% of their face value and will mature on May 15, 2036. The offering is expected to close on May 15, 2026, subject to the satisfaction of customary closing conditions. Following the closing of the offering, Liberty Utilities will terminate all commitments under its $1.15 billion senior unsecured syndicated delayed draw term facility dated April 17, 2026 (the “Delayed Draw Term Loan”) in accordance with the terms of the Delayed Draw Term Loan. The Notes are being offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The Notes have not been registered under the Securities Act or any state securities laws and may not be offered or sold in the United States or to, or for the benefit of, U.S. persons absent registration under, or an applicable exemption from, the registration requirements of the Securities Act and applicable state securities laws. This announcement does not constitute an offer to sell or a solicitation of an offer to buy the Notes or any other security and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which, or to any persons to whom, such an offer, solicitation or sale would be unlawful. Any offers of the Notes will be made only by means of a private offering memorandum. About Algonquin Power & Utilities Corp. and Liberty Utilities Algonquin Power & Utilities Corp., parent company of Liberty Utilities, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities. Caution Regarding Forward-Looking Information Certain written statements included herein constitute “forward-looking information” within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements”). The words “will”, “may”, “shall”, “expects”, “intends” and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements contained herein include, but are not limited to statements regarding the ranking of the Notes, closing of the offering, the expected balance of Liberty Utilities’ intercompany loan from AQN; the termination of commitments under the Delayed Draw Term Loan and the use of proceeds from the offering. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. Each of AQN and Liberty Utilities cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in AQN's most recent annual and interim management’s discussion and analysis and most recent annual information form, each of which is available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, neither AQN nor Liberty Utilities undertakes any obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. View source version on businesswire.com: https://www.businesswire.com/news/home/20260512600221/en/ Investor Inquiries:
Brian Chin
Vice President, Investor Relations
Algonquin Power & Utilities Corp.
E-mail: InvestorRelations @Tessa Media Inquiries:
Stephanie Bose
Director, Corporate Communications
Liberty
E-mail: Corporate.Communications @Tessa Original: Algonquin Power & Utilities Corp. Announces Pricing of $650 Million of Senior Unsecured Notes due 2031 and $500 Million of Senior Unsecured Notes due 2036

Algonquin Power & Utilities Corp. Reports First Quarter 2026 Financial ResultsMay 8, 2026 6:30 AM
Business Wire Reports first quarter 2026 net earnings1 per common share of $0.11 and adjusted net earnings per common share2 of $0.13 Received orders allowing for resolution of rate cases in Missouri, California and Massachusetts and filed settlement agreement in Arizona Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN", "Algonquin" or the "Company") today reported first quarter 2026 net earnings of $83.1 million, or $0.11 per common share, and adjusted net earnings2 of $99.6 million, or $0.13 per common share. These results compared to net earnings of $92.8 million, or $0.12 per common share, and adjusted net earnings2 of $109.0 million, or $0.14 per common share, for the first quarter of 2025. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "The progress we made in the first quarter reflects strong execution against our 'Back to Basics' strategy," said Rod West, Chief Executive Officer of AQN. "We advanced key regulatory proceedings across our electric, gas and water utilities, while reinforcing operational and financial discipline across the business. By staying focused on fundamentals, we are positioning Algonquin to deliver steady, predictable value for our customers, communities and shareholders. Looking ahead, we remain confident in our ability to drive durable earnings growth over the long-term as we continue to advance our transformation into a premier, pure-play utility.” First Quarter 2026 AQN Financial and Operational Highlights Received orders allowing for resolution of rate cases at Empire Electric Missouri, CalPeco Electric, and New England Gas; Submitted a settlement agreement for Litchfield Park Water & Sewer in Arizona; Subsequent to quarter-end, reached a tariff agreement at Chilean water utility Suralis; Subsequent to quarter-end, closed a $1.15 billion senior unsecured syndicated delayed draw term facility; the facility, which is undrawn and available, may, subject to capital markets conditions, be used to refinance AQN’s $1.15 billion senior note due June 15, 2026. ____________________________ 1 All amounts herein are from continuing operations and are attributable to common shareholders, unless otherwise noted 2 Please refer to "Non-GAAP Measures" below Net Earnings and Adjusted Net Earnings3 by Business Unit   Three months ended   March 31 (all dollar amounts in $ millions except per share information)   2026     2025   Net earnings by business units     Net earnings for Regulated Services Group $ 119.4   $ 122.1   Net earnings for Hydro Group   2.1     16.6   Net loss for Corporate Group   (38.4 )   (45.9 ) Net earnings   83.1     92.8         Adjusted net earnings3 $ 99.6   $ 109.0         Per common share     Basic and diluted net earnings $ 0.11   $ 0.12   Adjusted net earnings3 $ 0.13   $ 0.14   Weighted average number of common shares outstanding   768,860,143     767,670,571   Business Segment Highlights Regulated Services Group Regulated Services Group Overview Achieved regulatory progress across key proceedings: On January 14, 2026, the Missouri Public Service Commission issued an order approving a settlement agreement for Empire District Electric which would allow for $97 million annualized revenues to be phased in over three years once certain customer performance metrics have been met for three consecutive months. Also, the Company would have the ability to earn a further $13 million annually if it meets additional performance metrics to be agreed and filed with the Missouri Public Service Commission by May 31, 2026. The Company continues to work with the Missouri Public Service Commission on the evaluation of customer metrics for the adjustment of rates. The approved agreement includes a provision by which a new rate case is not to be filed for 24 months from the effective date of new rates. On March 3, 2026, Litchfield Park Water & Sewer and Arizona Corporation Commission (“ACC”) staff jointly submitted a settlement agreement that would result in a combined water and wastewater revenue adjustment of $15.3 million based on a return on equity of 9.75% and an equity ratio of 54%. On March 19, the Company and ACC staff jointly submitted an updated formula rate proposal. The Residential Utility Consumer Office is not party to the settlement agreement. The ACC held hearings in March 2026 on the settlement agreement and the jointly filed formula rate proposal. Legal briefs are due on May 18. The Company awaits a Commission order on the settlement agreement and formula rate proposal, which is expected in August 2026. On March 19, 2026, the California Public Utilities Commission issued an order approving a proposed decision for CalPeco Electric that results in an adjustment of $48.6 million in annualized revenues based on a return on equity of 9.75% and an equity ratio of 52.5%, retroactive to January 1, 2025. On March 27, 2026, the Massachusetts Department of Public Utilities approved a settlement agreement for New England Gas which provides for an adjustment of $45.3 million in distribution revenues, of which $27.4 million relates to prior investments under the Gas System Enhancement Program and was previously included in revenues. The approved settlement reflects an authorized return on equity of 9.3% and an equity ratio of 52.9%. New rates were effective April 1, 2026. The Company agreed to no further redesign of distribution rates before November 1, 2029. On May 4, 2026, Suralis and the Superintendence of Sanitary Services reached an agreement for the VIII Tariff Process, setting base tariffs for the 2026-2031 period. The new tariff level translates to an estimated annual revenue impact of approximately $4.0 million. The new tariffs are expected to go into effect in the third quarter of 2026 upon publication of the Tariff Decree and Order by the Comptroller General. ____________________________ 3 Please refer to "Non-GAAP Measures" below Regulated Services Group The Regulated Services Group reported net earnings of $119.4 million in the first quarter of 2026, compared to net earnings of $122.1 million in the first quarter of 2025, a decrease of $2.7 million or approximately 2.2%. The decrease in net earnings was primarily due to slightly unfavourable weather conditions in 2026 as compared to slightly favourable weather conditions in 2025 at Empire District Electric, favourable depreciation adjustments recorded in 2025 at Granite State Electric and Litchfield Park Water & Sewer systems, and higher gas safety excellence and operating expenses. The decrease was partially offset by the adjustment of approved rates at CalPeco Electric, which includes timing-related retroactive revenues and insurance expenses to the first quarter of 2025. Key drivers of first quarter 2026 performance as compared to first quarter 2025 performance include: Adjustment of approved rates at CalPeco Electric of $48.6 million, which results in annualized retroactive revenues to January 1, 2025 of $60.7 million, partially offset by higher wildfire insurance expenses recovered in rates of $28.5 million, including retroactive expenses of $22.7 million relating to 2025; these amounts were previously incurred by the Company and deferred using its Wildfire Expense Memorandum Account (“WEMA”) mechanism; The impact of slightly unfavourable weather in the first quarter of 2026, as compared to slightly favourable conditions in the comparable period in 2025, resulting in an approximately $11.9 million decrease in net revenues at Empire District Electric; Higher operating expenses primarily related to $3.8 million in gas safety excellence costs with the remainder driven by higher labor, benefits and property taxes; and Higher depreciation primarily due to depreciation deferral adjustments of $5.6 million related to Granite State Electric and $2.6 million related to the Sarival wastewater plant at Litchfield Park Water & Sewer booked in the first quarter of 2025. Hydro Group The Hydro Group recorded net earnings of $2.1 million in the first quarter of 2026, compared to net earnings of $16.6 million in the first quarter of 2025. The decrease of $14.5 million was primarily due to a $13.4 million income tax recovery recognized in the first quarter of 2025 as a result of the tax basis step-up from the Hydro Group’s reorganization executed in connection with the sale of the Company’s renewable energy business (excluding hydro). Corporate Group The Corporate Group recorded a net loss of $38.4 million in the first quarter of 2026, compared to a net loss of $45.9 million, for the same period in 2025. The increase in net earnings of $7.5 million was primarily driven by the non-recurrence of a loss recognized in the first quarter of 2025 on the settlement of foreign exchange contracts and foreign exchange losses, partially offset by a decrease in net earnings due to higher non-recurring other losses as the Company continues to incur restructuring costs as part of its transition to a pure-play regulated utility. All of these items were excluded from adjusted net earnings4. AQN’s unaudited interim condensed consolidated financial statements for the three months ended March 31, 2026 and management discussion and analysis for the three months ended March 31, 2026, (the “Interim MD&A”) will be available on its website at www.algonquinpower.com and in its corporate filings on SEDAR+ at www.sedarplus.com (for Canadian filings) and EDGAR at www.sec.gov/edgar (for U.S. filings). ____________________________ 4 Please refer to "Non-GAAP Measures" below Earnings Conference Call AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, May 8, 2026, hosted by Chief Executive Officer, Rod West, and Chief Financial Officer, Rob Stefani. Date: Friday, May 8, 2026 Time: 8:30 a.m. ET Conference Call: Toll Free Dial-In Number: 1 (800) 715-9871   Toll Dial-In Number: 1 (646) 307-1963   Conference ID: 9177664 Webcast: https://edge.media-server.com/mmc/p/8kzernoq   Presentation also available at: www.algonquinpower.com About Algonquin Power & Utilities Corp. and Liberty Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities. Caution Regarding Forward-Looking Information Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). The words "will", "expects", “would”, "believes", "estimates", "targets", "forecast", "outlook", "guidance", "projected" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding: value creation and the ability to drive durable earnings growth and to become a premier pure-play regulated utility; the use of the senior unsecured syndicated delayed draw term facility; and regulatory filings and proceedings, including the expected timing, impacts and outcomes thereof. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2025, and Interim MD&A each of which is or will be available on SEDAR+ and EDGAR. Given these assumptions and risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. Non-GAAP Measures AQN uses a number of financial measures to assess the performance of its business lines. Some measures are calculated in accordance with generally accepted accounting principles in the United States ("U.S. GAAP"), while other measures do not have a standardized meaning under U.S. GAAP. These non-GAAP measures include non-GAAP financial measures and non-GAAP ratios, each as defined in Canadian National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure. AQN's method of calculating these measures may differ from methods used by other companies and therefore may not be comparable to similar measures presented by other companies. The term "adjusted net earnings" is used in this news release and is a non-GAAP financial measure. An explanation of this non-GAAP financial measure can be found in the section titled "Caution Concerning Non-GAAP Measures" in the Interim MD&A, which section is incorporated by reference into this news release, and a reconciliation to the most directly comparable U.S. GAAP measure can be found below. In addition, adjusted net earnings is presented in this news release on a per common share basis. "Adjusted net earnings per common share" is a non-GAAP ratio and is calculated by dividing adjusted net earnings by the weighted average number of common shares outstanding during the applicable period. Reconciliation of Adjusted Net Earnings to Net Earnings The following table is derived from and should be read in conjunction with the unaudited interim condensed consolidated statement of operations. This supplementary disclosure is intended to more fully explain disclosures related to adjusted net earnings and provides additional information related to the operating performance of AQN. Investors are cautioned that this measure should not be construed as an alternative to U.S. GAAP consolidated net earnings. The following table shows the reconciliation of net earnings (loss) attributable to common shareholders to adjusted net earnings exclusive of these items:   Three months ended   March 31 (all dollar amounts in $ millions except per share information)   2026     2025   Net earnings attributable to common shareholders $ 83.6   $ 94.2   Add (deduct):     Earnings from discontinued operations, net of tax   (0.5 )   (1.4 ) Loss on derivative financial instruments   —     7.2   Restructuring costs5   19.2     5.6   Loss on foreign exchange   —     3.9   Adjustment for taxes related to above   (2.7 )   (0.5 ) Adjusted Net Earnings $ 99.6   $ 109.0   Adjusted Net Earnings per common share $ 0.13   $ 0.14     5 See Note 12(a) in the Unaudited Interim Condensed Consolidated Financial Statements.   View source version on businesswire.com: https://www.businesswire.com/news/home/20260508938800/en/ Investor Inquiries:
Brian Chin
Vice President, Investor Relations
Algonquin Power & Utilities Corp.
E-mail: InvestorRelations @Tessa Media Inquiries:
Stephanie Bose
Senior Director, Corporate Communications
Algonquin Power & Utilities Corp.
E-mail: Corporate.Communications @Tessa Original: Algonquin Power & Utilities Corp. Reports First Quarter 2026 Financial Results

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2026 Financial Results and Conference CallApril 8, 2026 4:30 PM
Business Wire
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN”) today announced plans to release its first quarter 2026 financial results on Friday, May 8, 2026, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, May 8, 2026, hosted by Chief Executive Officer, Rod West, and Chief Financial Officer, Rob Stefani.


Conference call details are as follows:




Date:





 

Friday, May 8, 2026








Time:





 

8:30 a.m. ET








Conference Call:





 

Toll Free Dial-In Number






1 800 715-9871








 





 

Toll Dial-In Number






1 646 307-1963








 





 

Conference ID






9177664








Webcast:





 

https://edge.media-server.com/mmc/p/8kzernoq








 





 

Presentation also available at: www.algonquinpower.com







About Algonquin Power & Utilities Corp. and Liberty


Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.


Visit AQN at www.algonquinpower.com.


Caution Regarding Forward-Looking Information


Certain statements included in this news release constitute ‘‘forward-looking information’’ within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements’’ within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements”). The words “will”, “plans” (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include the expected release date of the Company’s first quarter 2026 financial results. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in AQN's Annual Information Form and Annual Management Discussion and Analysis for the year ended December 31, 2025, each of which is available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260408852107/en/
Investor Inquiries:

Brian Chin

Vice President, Investor Relations

Algonquin Power & Utilities Corp.

E-mail: InvestorRelations@APUCorp.com

Telephone: (905) 465-4500


Media Inquiries:

Stephanie Bose

Senior Director, Corporate Communications

Liberty

E-mail: Corporate.Communications@libertyutilities.com

Telephone: (905) 465-4500


Original: Algonquin Power & Utilities Corp. Announces Date for First Quarter 2026 Financial Results and Conference Call

Algonquin Power & Utilities Corp. Reports Fourth Quarter and Full Year 2025 Financial ResultsMarch 6, 2026 6:30 AM
Business Wire
Reports full year 2025 net earnings1 per common share of $0.27 and adjusted net earnings per common share ("Adjusted Net EPS")2 of $0.34


Achieves operating efficiencies resulting in operations and maintenance expense being flat year-over-year


Delivers net earnings per common share growth of ~286%, Adjusted Net EPS2 growth of ~13% and a ~130 basis point increase to earned return on equity3 for the full year in comparison to 2024


Reaffirms previously disclosed 2026 Adjusted Net EPS2 estimated range of $0.35 - $0.37


Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN", "Algonquin" or the "Company") today reported fourth quarter 2025 net earnings of $29.4 million, or $0.04 per common share, and adjusted net earnings2 of $47.2 million, or $0.06 per common share. For the full year ended December 31, 2025 net earnings were $208.0 million, or $0.27 per common share, and adjusted net earnings2 were $258.8 million, or $0.34 per common share. These results compared to a net loss of $110.2 million, or $(0.14) per common share, and adjusted net earnings2 of $42.5 million, or $0.06 per common share, for the fourth quarter of 2024, and net earnings of $54.8 million, or $0.07 per common share, and adjusted net earnings2 of $221.6 million, or $0.30 per common share, for the full year ended December 31, 2024.


The Regulated Services Group reported fourth quarter 2025 net earnings of $73.6 million and full year 2025 net earnings of $351.0 million, compared to net earnings of $60.5 million and $260.1 million, respectively, for the same periods in 2024.


All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.


"Our strong 2025 results reflect continued progress executing our 'Back to Basics' strategy as we build a premier, pure-play utility," said Rod West, Chief Executive Officer of AQN. "During the year, we made substantial regulatory progress across our electric, gas and water utilities, began realizing the benefits of a more disciplined operating model, and strengthened our balance sheet through the retirement of approximately $1.6 billion in debt following the completion of the sale of our renewable energy business (excluding hydro). Under the leadership of a new executive team with deep U.S. regulated utility experience, we are positioning Algonquin to deliver steady, predictable value for our customers, communities and shareholders."


“Looking ahead, we are reaffirming our full year 2026 Adjusted Net EPS outlook, as originally disclosed in June 2025, and establishing a clear framework for long-term growth through disciplined, customer-focused capital investments. Our approximately $3.2 billion regulated capital plan for 2026 through 2028 underpins our expectation for 5% to 6% compound annual growth in rate base3 as measured from year end 2025 through the end of 2028. We continue to expect no equity issuance through 2027. At the same time, we remain focused on driving continued improvements to our earned ROE through rate case filings and cost savings program execution,” Mr. West continued.


“As a result largely of the difference in the effective tax rate assumption since our investor update in June 2025, we now expect a 2027 Adjusted Net EPS outlook range of $0.38 to $0.42. We are actively assessing tax optimization strategies with potential benefits beginning next year, and our newly assembled leadership team is drawing on deep utility experience to help identify additional efficiencies to offset these impacts. We remain confident in the opportunities ahead and are focused on executing with discipline and engaging constructively with regulators to drive durable earnings growth,” Mr. West concluded.



____________________________



1






All amounts herein are from continuing operations and are attributable to common shareholders, unless otherwise noted








2






Please refer to "Non-GAAP Measures" below








3






Please refer to "Other" below







2025 AQN Financial and Operational Highlights



Assembling a deeply experienced executive leadership team to guide the Company on its path to becoming a premium, pure-play regulated utility;



Achieving constructive regulatory outcomes and settlements across multiple jurisdictions;



Reducing operating expense as a percent of gross revenue to approximately 35.8% in 2025 from approximately 37.7% in 2024;



Improving 2025 earned return on equity ("ROE") to approximately 6.8% from approximately 5.5% in 2024; and



Strengthening the balance sheet following the sale of the renewable energy business (excluding hydro), with approximately $1.6 billion of net proceeds from such sale used to pay down debt.



Net Earnings and Adjusted Net Earnings4 by Business Unit




 






Three months ended






Twelve months ended








 






December 31






December 31








(all dollar amounts in $ millions except per share information)






 






2025






 






 






2024






 






 






2025






 






 






2024






 








Net earnings by business units






 






 






 






 








Net earnings for Regulated Services Group






$






73.6






 






$






60.5






 






$






351.0






 






$






260.1






 








Net earnings for Hydro Group






 






2.1






 






 






2.5






 






 






31.1






 






 






12.0






 








Net loss for Corporate Group






 






(46.3






)






 






(173.2






)






 






(174.1






)






 






(217.3






)








Net earnings (loss)






 






29.4






 






 






(110.2






)






 






208.0






 






 






54.8






 








 






 






 






 






 








Adjusted net earnings4






$






47.2






 






$






42.5






 






$






258.8






 






$






221.6






 








 






 






 






 






 








Per common share






 






 






 






 








Basic and diluted net earnings (loss)






$






0.04






 






$






(0.14






)






$






0.27






 






$






0.07






 








Adjusted net earnings4






$






0.06






 






$






0.06






 






$






0.34






 






$






0.30






 








Weighted average number of common shares outstanding






 






768,429,981






 






 






767,465,543






 






 






768,098,435






 






 






731,721,239






 







The full year 2025 Adjusted Net EPS4 of $0.34 exceeded the top end of the Company’s previously provided guidance range by $0.02. This was driven by accelerated realization of operating expense savings, lower depreciation expense resulting from authorized deferrals, and tax adjustments. These benefits were partially offset by costs associated with a targeted relief initiative for customers agreed to as part of the Empire Electric Missouri settlement as well as costs associated with the discontinuation of a CalPeco solar project.


Business Segment Highlights


Regulated Services Group


Regulated Services Group Overview



Served approximately 1,272,000 customer connections as at December 31, 2025, consisting of approximately 311,000 electric, 378,000 natural gas, and 583,000 water and wastewater connections;



Capital expenditures totaled approximately $603.5 million during 2025, compared to approximately $757.2 million during 2024, with the decrease primarily due to investment in the Company’s integrated customer solution platform, which includes customer billing, enterprise resource planning systems and asset management systems, that was largely complete in 2024; and



Achieved regulatory progress across key proceedings:


During the fourth quarter and shortly after year end, the Company received approval of a settlement agreement at Empire Electric Missouri and orders at St. Lawrence Gas and BELCO Electric; received a proposed decision at CalPeco Electric adopting a proposed settlement agreement; and achieved proposed settlements at New England Natural Gas System and Litchfield Park Water and Sewer System in Arizona.



Earlier in 2025, AQN secured approval for settlements at Midstates Gas (Missouri), Missouri Water, Arkansas Water, Granite State Electric and EnergyNorth Gas; and filed a rate case at Empire Electric Kansas.







____________________________



4






Please refer to "Non-GAAP Measures" below







Regulated Services Group — Fourth Quarter 2025


The Regulated Services Group reported net earnings of $73.6 million in the fourth quarter of 2025, compared to net earnings of $60.5 million in the fourth quarter of 2024, an increase of $13.1 million or approximately 22%. This growth was primarily due to the implementation of approved rates across several of the Company’s electric, gas and water utilities and lower interest expense as a result of debt repayment using proceeds from the sale of the Company’s renewable energy business (excluding hydro) and proceeds from the sale of its 42.2% ownership interest in Atlantica Sustainable Infrastructure plc ("Atlantica"). These benefits were partially offset by higher depreciation expense and other expense items.


Key drivers of fourth quarter 2025 performance as compared to fourth quarter 2024 performance include:



Implementation of approved customer rates totaling $10.3 million at BELCO Electric, Midstates Gas, Peach State Gas, Missouri Water, New York Water, Beardsley, Cordes Lake, Bella Vista, and Rio Rico Water and Sewer Systems;



Partially offset by higher operating expenses and depreciation of $6.1 million that were driven by $8.5 million in costs associated with a targeted relief initiative for customers agreed to as part of the Empire Electric Missouri settlement and a $7.3 million write-off related to a CalPeco solar project that was discontinued; and



Lower interest expense of $10.6 million reflecting the repayment of debt with the proceeds from the sale of the Company’s renewable energy business (excluding hydro) and the proceeds from the sale of the Company's investment in Atlantica.



Regulated Services Group — Full Year 2025


The Regulated Services Group reported net earnings of $351.0 million in 2025, compared to net earnings of $260.1 million in 2024, an increase of $90.9 million or approximately 35%.


Key drivers of 2025 performance as compared to 2024 include:



Implementation of approved customer rates totaling $41.6 million across several gas, water, and electric systems; favourable weather relative to 2024, which resulted in an increase in net earnings of approximately $13.9 million at the Empire Electric System; and benefits related to $11.9 million in depreciation deferrals;



Offset by $8.5 million in costs associated with a targeted relief initiative for customers agreed to as part of the Empire Electric Missouri settlement and a $7.3 million write-off related to a CalPeco solar project that was discontinued; and



Lower interest expense of $50.4 million reflecting the repayment of debt with the proceeds from the sale of the Company’s renewable energy business (excluding hydro) and the proceeds from the sale of the Company's investment in Atlantica.



Hydro Group – Fourth Quarter and Full Year 2025


The Hydro Group recorded net earnings of $2.1 million in the fourth quarter of 2025, compared to net earnings of $2.5 million in the fourth quarter of 2024. For the full year ended December 31, 2025, the Hydro Group recorded net earnings of $31.1 million compared to $12.0 million in 2024, an increase of $19.1 million primarily due to a tax recovery associated with the Hydro Group reorganization executed in connection with the sale of the Company's renewable energy business (excluding hydro).


Corporate Group – Fourth Quarter and Full Year 2025


The Corporate Group recorded a net loss of $46.3 million in the fourth quarter of 2025 and $174.1 million for the full year 2025, compared to a net loss of $173.2 million and $217.3 million, respectively, for the same periods in 2024. The adjusted net loss5 for the Corporate Group was $28.5 million for the fourth quarter and $123.3 million for the full year 2025, compared to an adjusted net loss5 of $20.5 million and $50.5 million, respectively, in 2024.


The Corporate Group’s net earnings were negatively impacted by the sale of the Company’s ownership stake in Atlantica and the loss of related dividends. The repayment of debt with the proceeds of the Atlantica sale contributed to interest expense reductions across the Regulated Services Group and Corporate Group segments, which partly offset the loss of Atlantica dividends.


Financial Outlook


Algonquin is providing the following financial outlook:




 






Current Estimates








2026 Adjusted Net EPS5






$0.35 - $0.37








2027 Adjusted Net EPS5






$0.38 - $0.42








2026 Utility Capital Expenditures






Approximately $0.8 billion








2026 - 2028 Aggregate Utility Capital Expenditures






Approximately $3.2 billion








2025 - 2028 Compound Annual Growth in Rate Base






5% - 6%







With respect to the Company’s previously disclosed Adjusted Net EPS5 outlook for 2027, the Company now expects its effective tax rate in 2027 to be in the mid-to-high twenties as compared to the previously anticipated low-to-mid twenties estimate, resulting in a decrease to anticipated 2027 Adjusted Net EPS5 of slightly more than $0.03 compared to the Company’s previous estimate. The Company also now expects the timing of gas operational excellence activities to extend into 2027, before normalizing. When combined, these factors result in an updated expected Adjusted Net EPS5 range of $0.38 - $0.42. The Company continues to evaluate various tax strategies to optimize its effective tax rate but expects the majority of the benefits from such strategies to be realized after 2027.


The Company’s financial outlook is based on, and should be read in conjunction with, the assumptions set out under "Financial Outlook” and "Caution Concerning Forward-Looking Statements and Forward-Looking Information" in the Annual MD&A (as defined herein). Please also refer to "Caution Regarding Forward-Looking Information" and "Non-GAAP Measures" below.


Earnings Conference Call


AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, March 6, 2026, hosted by Chief Executive Officer, Rod West, and Chief Financial Officer, Rob Stefani.




Date:






Friday, March 6, 2026








Time:






8:30 a.m. ET








Conference Call:






Toll Free Dial-In Number:






1 (800) 715-9871








 






Toll Dial-In Number:






1 (647) 932-3411








 






Conference ID:






3922090








Webcast:






https://edge.media-server.com/mmc/p/8bvdvvub








 






Presentation also available at: www.algonquinpower.com








____________________________



5






Please refer to "Non-GAAP Measures" below







Financial Statements


AQN will file its annual consolidated financial statements, annual management discussion & analysis (the "Annual MD&A"), and annual information form, each for the year ended December 31, 2025, with the applicable Canadian securities regulatory authorities. Copies of these documents and other supplemental information on AQN is made available on its website at www.AlgonquinPower.com and in its corporate filings on SEDAR+ at www.sedarplus.com (for Canadian filings) and EDGAR at www.sec.gov/edgar (for U.S. filings). A hard copy of AQN's annual consolidated financial statements for the year ended December 31, 2025 can be obtained free of charge upon request to InvestorRelations@APUCorp.com. AQN will also file its Form 40-F for the year ended December 31, 2025 with the U.S. Securities and Exchange Commission.


About Algonquin Power & Utilities Corp. and Liberty


Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.


Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities.


Caution Regarding Forward-Looking Information


Certain statements included in this news release constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, "forward-looking statements"). The words "will", "expects", "believes", "estimates", "targets", "forecast", "outlook", "guidance", "projected" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding: value creation and the ability to become a premium pure-play regulated utility; the Company's future plans and the expected outcomes thereof; future equity issuances; future operational efficiencies; the Company’s forward-looking outlook, including expectations regarding Adjusted Net EPS, effective tax rates, capital expenditures and annual growth of rate base; and expectations regarding rate cases, including the expected outcomes thereof. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein (including the financial outlook herein) are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2025, each of which is or will be available on SEDAR+ and EDGAR.


Given these assumptions and risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.


Non-GAAP Measures


AQN uses a number of financial measures to assess the performance of its business lines. Some measures are calculated in accordance with generally accepted accounting principles in the United States ("U.S. GAAP"), while other measures do not have a standardized meaning under U.S. GAAP. These non-GAAP measures include non-GAAP financial measures and non-GAAP ratios, each as defined in Canadian National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure. AQN's method of calculating these measures may differ from methods used by other companies and therefore may not be comparable to similar measures presented by other companies.


The term "adjusted net earnings" is used in this news release and is a non-GAAP financial measure. An explanation of this non-GAAP financial measure can be found in the section titled "Caution Concerning Non-GAAP Measures" in the Annual MD&A, which section is incorporated by reference into this news release, and a reconciliation to the most directly comparable U.S. GAAP measure can be found below. In addition, adjusted net earnings is presented in this news release on a per common share basis. "Adjusted net earnings per common share" (or "Adjusted Net EPS") is a non-GAAP ratio and is calculated by dividing adjusted net earnings by the weighted average number of common shares outstanding during the applicable period.


The Company does not provide reconciliations for forward-looking non-GAAP financial measures as the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various events that have not yet occurred, are out of the Company’s control and/or cannot be reasonably predicted, and that would impact the most directly comparable forward-looking U.S. GAAP financial measure. For these same reasons, we are unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures.


Reconciliation of Adjusted Net Earnings to Net Earnings


The following table is derived from and should be read in conjunction with the consolidated statement of operations. This supplementary disclosure is intended to more fully explain disclosures related to adjusted net earnings and provides additional information related to the operating performance of AQN. Investors are cautioned that this measure should not be construed as an alternative to U.S. GAAP consolidated net earnings.


The following table shows the reconciliation of net earnings (loss) attributable to common shareholders to adjusted net earnings exclusive of these items:



 

 





 

Three months ended






Twelve months ended







 

 





 

December 31






December 31







(all dollar amounts in $ millions except per share information)
 

 






2025






 






 






2024






 






 






2025






 






 






2024






 







Net earnings (loss) attributable to common shareholders
 

$






18.4






 






$






(189.1






)






$






170.3






 






$






(1,391.0






)







Add (deduct):
 

 





 
 

 





 
 

 





 
 

 





 
 


Loss from discontinued operations, net of tax
 

 






11.0






 






 






78.9






 






 






37.7






 






 






1,445.8






 







Gain (loss) on derivative financial instruments
 

 






0.3






 






 






(0.4






)






 






(1.5






)






 






(0.8






)







Restructuring costs6
 

 






16.7






 






 






7.1






 






 






38.7






 






 






27.0






 







Loss (Gain) on foreign exchange
 

 






2.8






 






 






(0.3






)






 






18.4






 






 






3.5






 







Change in value of investments carried at fair value7
 

 






(0.1






)






 






2.0






 






 






(0.2






)






 






(21.7






)







Adjustment for taxes related to above
 

 






(1.9






)






 






144.3






 






 






(4.6






)






 






158.8






 







Adjusted Net Earnings
 

$






47.2






 






$






42.5






 






$






258.8






 






$






221.6






 







Adjusted Net Earnings per common share
 

$






0.06






 






$






0.06






 






$






0.34






 






$






0.30






 








6






See Note 17 in the audited consolidated financial statements.








7






See Note 7 in the audited consolidated financial statements.







Other


The terms "earned return on equity" (or "earned ROE") and "rate base" are used in this news release. Earned ROE and rate base are measures specific to rate-regulated utilities that are not intended to represent any financial measure as defined by U.S. GAAP. Earned ROE represents earnings at the Company's rate-regulated utilities as a percentage of the product of their average rate base for the period and the equity component of their authorized capital structure. Rate base is a measure used by the regulatory authorities in the jurisdictions where the Company's rate-regulated subsidiaries operate. The calculation of these measures as presented may not be comparable to similarly-titled measures used by other companies.


Algonquin Power & Utilities Corp. - Consolidated Earnings Digest



 

 






Three months ended December 31






Year ended December 31







(all dollar amounts in $ millions except per share information)

2025





 

 






2024






 






2025





 

2024







Revenue

$






630.7





 

$






584.8






 






$






2,433.6





 

$






2,319.5







Net earnings (loss) attributable to common shareholders

 






29.4





 

 






(110.2






)






 






208.0





 

 






54.8







Adjusted Net Earnings8

 






47.2





 

 






42.5






 






 






258.8





 

 






221.6







Weighted average number of common shares outstanding

 






768,429,981





 

 






767,465,543






 






 






768,098,435





 

 






731,721,239







Per common share

 





 

 






 





 

 







Basic and diluted net earnings from continuing operations

$






0.04





 

$






(0.14






)






$






0.27





 

$






0.07







Adjusted Net Earnings8

$






0.06





 

$






0.06






 






$






0.34





 

$






0.30








 



8






Please refer to "Non-GAAP Measures" above







Rate Base




Facility






2025A Rate Base ($M) 






Latest Authorized ROE 








Empire Electric






$






3,388 






9.3






%








California Electric and Water






 






947 






9.9






%








New York Water






 






602 






9.1






%








EnergyNorth Gas






 






522 






9.3






%








BELCO Electric






 






525 






8.6






%








New England Gas






 






322 






9.6






%








Granite State Electric






 






227 






9.1






%








All Other






 






1,709 






9.1






%








Total






$






8,242 






9.3






%








Commodity






2025A Rate Base ($M) 






Latest Authorized ROE 








Electric






$






4,825 






9.3






%








Water






 






1,708 






8.8






%








Gas






 






1,709 






9.6






%








Total Utility Rate Base






$






8,242 






9.3






%







 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260306123311/en/
Investor Inquiries:

Brian Chin

Vice President, Investor Relations

Algonquin Power & Utilities Corp.

E-mail: InvestorRelations@APUCorp.com

Telephone: (905) 465-4500
Media Inquiries:

Stephanie Bose

Senior Director, Corporate Communications

Algonquin Power & Utilities Corp.

E-mail: Corporate.Communications@libertyutilities.com

Telephone: (905) 465-4500


Original: Algonquin Power & Utilities Corp. Reports Fourth Quarter and Full Year 2025 Financial Results

Algonquin Power & Utilities Corp. Declares First Quarter 2026 Common Share Dividend of U.S.$0.0650 (C$0.0888), and Declares First Quarter 2026 Preferred Share DividendsMarch 6, 2026 6:30 AM
Business Wire
Algonquin Power & Utilities Corp. (“AQN”) (TSX: AQN, AQN.PR.A, AQN.PR.D, NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends:



US$0.0650 per common share, payable on April 15, 2026, to the shareholders of record on March 31, 2026, for the period from January 1, 2026 to March 31, 2026. Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.0888.



C$0.41100 per preferred share, Series A, payable in cash on March 31, 2026 to preferred share, Series A holders of record on March 13, 2026, for the period from December 31, 2025 to, but excluding, March 31, 2026.



C$0.42831 per preferred share, Series D, payable in cash on March 31, 2026 to preferred share, Series D holders of record on March 13, 2026, for the period from December 31, 2025 to, but excluding, March 31, 2026.



Each of the foregoing dividends will be paid in cash.


The quarterly dividends payable on common shares are declared in U.S. dollars. Beneficial shareholders (those who hold common shares through a financial intermediary) who are resident in Canada or the United States may request to receive their dividends in either U.S. dollars or the Canadian dollar equivalent by contacting the financial intermediary with whom the common shares are held. Unless the Canadian dollar equivalent is requested, holders of common shares will receive dividends in U.S. dollars, which, as is often the case, the financial intermediary may convert to Canadian dollars. Registered holders of common shares receive dividend payments in the currency of residency. Registered holders of common shares may opt to change the payment currency by contacting TSX Trust Company at 1-800-387-0825 prior to the record date of the dividend.


The Canadian dollar equivalent of the quarterly common share dividend is based on the Bank of Canada daily average exchange rate on the day before the declaration date.


Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, AQN hereby notifies holders of common shares, preferred shares, Series A, and preferred shares, Series D that such dividends declared qualify as eligible dividends.


About Algonquin Power & Utilities Corp. and Liberty


Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.


Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260306196708/en/
Investor Inquiries:

Brian Chin

Vice President, Investor Relations

Algonquin Power & Utilities Corp.

354 Davis Road, Oakville, Ontario, L6J 2X1

E-mail: InvestorRelations@APUCorp.com

Telephone: (905) 465-4500
Media Inquiries:

Stephanie Bose

Senior Director, Corporate Communications

Liberty

354 Davis Road, Oakville, Ontario, L6J 2X1

E-mail: Corporate.Communications@libertyutilities.com

Telephone: (905) 465-4500


Original: Algonquin Power & Utilities Corp. Declares First Quarter 2026 Common Share Dividend of U.S.$0.0650 (C$0.0888), and Declares First Quarter 2026 Preferred Share Dividends

Algonquin Power & Utilities Corp. Announces Date for Fourth Quarter and Full Year 2025 Financial Results and Conference CallFebruary 6, 2026 6:30 AM
Business Wire
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) (“AQN”) today announced plans to release its fourth quarter and full year 2025 financial results on Friday, March 6, 2026, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, March 6, 2026, hosted by Chief Executive Officer, Rod West, and Chief Financial Officer, Rob Stefani.


Conference call details are as follows:




Date:






Friday, March 6, 2026








Time:






8:30 a.m. ET








Conference Call:






Toll Free Dial-In Number






1 800 715-9871








 






Toll Dial-In Number






1 646 307-1963








 






Conference ID






3922090








Webcast:






https://edge.media-server.com/mmc/p/8bvdvvub








 






Presentation also available at: www.algonquinpower.com







About Algonquin Power & Utilities Corp. and Liberty


Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.


Visit AQN at www.algonquinpower.com.


Caution Regarding Forward-Looking Information


Certain statements included in this news release constitute ‘‘forward-looking information’’ within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ‘‘forward-looking statements’’ within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ‘‘forward-looking statements”). The words “will”, “plans” (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include the expected release date of the Company’s fourth quarter and full year 2025 financial results. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors and assumptions include those set out in AQN's Annual Information Form and Annual Management Discussion and Analysis for the year ended December 31, 2024, and Management Discussion and Analysis for the three, six and nine months ended September 30, 2025, each of which is available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260206554878/en/
Investor Inquiries:
Brian Chin

Vice President, Investor Relations

Algonquin Power & Utilities Corp.

E-mail: InvestorRelations@APUCorp.com

Telephone: (905) 465-4500
Media Inquiries:



Stephanie Bose

Senior Director, Corporate Communications

Liberty

E-mail: Corporate.Communications@libertyutilities.com

Telephone: (905) 465-4500


Original: Algonquin Power & Utilities Corp. Announces Date for Fourth Quarter and Full Year 2025 Financial Results and Conference Call

Will be adding again here

Adding

Adding

Adding, over $20 cometh

Adding here, RSI approaching, but not oversold yet.

My fav Utility stock plus $20 in 2021, mark it!